Multi-Fineline
Electronix, Inc. (NASDAQ: MFLX) and
WBL Corporation Limited (together with its subsidiaries, "WBL"), which is
listed on the Singapore Exchange Securities Trading Limited, today announced
that they have entered into a Registration Rights Agreement. As of the date
of this announcement, WBL's beneficial ownership in MFLEX is approximately 62
percent. In accordance with the Registration Rights Agreement, MFLEX intends
to file a shelf registration statement on Form S-3 with the U.S. Securities
and Exchange Commission ("SEC") to register all 14,817,052 shares of common
stock held by WBL for resale. MFLEX is not registering any primary shares to
sell on its own behalf.

MFLEX also announced today that it is entering into a 10b5-1 plan providing
for the repurchase of up to 200,000 shares in the aggregate of the Company's
common stock on the open market. The timing, price, volume and terms of the
repurchases will be based on market conditions, relevant securities laws and
other factors. This plan will remain in effect through the end of the
calendar year or until the repurchase of the shares under such authorization
is completed (if earlier), unless terminated earlier pursuant to certain
conditions.